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Hospitals - US Market Research Report

Date Published: May 2018

Vital sign: Revenue will continue to grow alongside the aging population and increasing number of people with health insurance

As a primary provider of healthcare in the United States, revenue for the Hospitals industry is expected to grow over the five years to 2018. This traditionally fragmented industry has recently begun consolidating, largely due to the pressures of healthcare reform. Demand for industry services has steadily grown over the past five years, as healthcare reform legislation broadened insurance coverage and the sinking unemployment rate increased disposable income. To maintain an advantaged position in this competitive industry, hospitals seek the most skilled and specialized healthcare professionals, thereby increasing labor costs. However, hospitals have also contended with nurse and physician shortages and have struggled to recruit qualified personnel...purchase to read more.

Industry Report - Industry Key Buyers Chapter

Despite widespread consolidation in recent years, the Hospitals industry remains fragmented. No player accounts for more than 5.0% of industry revenue, and the four largest companies combined are estimated to account for 9.8% of industry revenue in 2018. Hundreds of providers of various sizes are spread throughout the country and concentrations vary among geographic markets. For example, Hospital Corporation of America, concentrated in Florida and Texas, holds 20.0% to 40.0% market share in most of the areas in which it operates. Universal Health Services seeks leadership in growth markets and concentrates on medium-size cities with populations of up to 500,000 people, avoiding larger cities with many competitors. Com...purchase to read more.

Additional Insights for the
Hospitals
Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Hospitals Industry are

Access to highly skilled workforce

Proximity to key markets

Understanding government policies and their implications

IBISWorld analysts also discuss how external factors such as Federal funding for Medicare and Medicaid and Number of people with private health insurance in the Hospitals industry impact industry performance..

This industry includes operators licensed as general medical and surgical hospitals that provide surgical and nonsurgical diagnostic and medical treatment to inpatients. Hospitals maintain inpatient beds and usually provide other services, including outpatient, operating room and pharmacy services. The industry excludes psychiatric and other specialty hospitals.

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“Synovus... has incorporated the use of third-party trade and market data to gain insight into the performance and cash needs of its customers. For instance, it studies market reports from more than 700 industries by research company IBISWorld to better determine loan opportunities.”

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- BB&T

- Synovus Financial Corporation

- Rice University

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“IBISWorld is an extremely powerful resource for audit planning from a risk perspective (SAS 104-111), client closing interviews to demonstrate industry knowledge as a trusted advisor, and client prospecting for understanding the industry to help win new accounts.”

“The industry analysis available in IBISWorld has been a staple in our information resources for the past several years. The consistent reporting, from industry to industry, helps with our ability to compare industry performance and outlooks.”

- TradingPartners

- Rothstein Kass

- Applied Marketing

“We have utilized IBISWorld industry reports for several areas within our testing at [Client name withheld for privacy]. Whether it be the testing of goodwill/intangible revenue projections or testing the actual revenues for the current year, we have found IBISWorld to be of great use.”

“IBISWorld is a valuable resource for assisting us in current market trends in various client environments.”

“I like providing ‘best of’ professional service and your reports certainly help me do that.”

“IBISWorld grants access to abundant information on industries which we have credit exposure in allowing for a quick and easy source for trends, key issues, risks, opportunities, competitive environment and overviews, all of which is updated frequently and presented in consistent formats.”

- BB&T

“Synovus... has incorporated the use of third-party trade and market data to gain insight into the performance and cash needs of its customers. For instance, it studies market reports from more than 700 industries by research company IBISWorld to better determine loan opportunities.”

- Synovus Financial Corporation

“Just wanted to let you know that our students really love IBISWorld. I cannot tell you how many times it was the only place to pull up data on small industries and the Risk Rating is wonderful.”

- Rice University

“Since TradingPartners started working with IBISWorld, we have been able to build upon our category knowledge providing a deeper dive into all the interrelated factors that affect each market, especially regarding global impacts to the US market.”

- TradingPartners

“IBISWorld is an extremely powerful resource for audit planning from a risk perspective (SAS 104-111), client closing interviews to demonstrate industry knowledge as a trusted advisor, and client prospecting for understanding the industry to help win new accounts.”

- Rothstein Kass

“The industry analysis available in IBISWorld has been a staple in our information resources for the past several years. The consistent reporting, from industry to industry, helps with our ability to compare industry performance and outlooks.”

- Applied Marketing

“We have utilized IBISWorld industry reports for several areas within our testing at [Client name withheld for privacy]. Whether it be the testing of goodwill/intangible revenue projections or testing the actual revenues for the current year, we have found IBISWorld to be of great use.”

- Deloitte

“IBISWorld is a valuable resource for assisting us in current market trends in various client environments.”

- Marshall & Stevens

“I like providing ‘best of’ professional service and your reports certainly help me do that.”

The Hospitals industry market report contains data and analysis of the most influential current and future trends shaping the industry. IBISWorld’s in-depth industry market research is presented in a logical, user-friendly format, and provides growth and profit forecasts for a five-year outlook period.

Includes the necessary information to perform SWOT, PEST and STEER analysis.

Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.

Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.

The Hospitals market research report includes:

Historical data and analysis for the key drivers of this industry

A five-year forecast of the market and noted trends

Detailed research and segmentation for the main products and markets

An assessment of the competitive landscape and market shares for major companies

And of course, much more

IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Hospitals, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.